Saturday, September 23, 2006

The fight for consolidation gets fierce

The Indian banking industry currently appears to be at the threshold of a consolidation saga before the battlefield is made open to global giants in 2009. However, more than just as a preparation for banking liberalization scheduled in 2009, consolidations seem to be driven by the ongoing struggle for survival. According to Ajinkya A. Dhavale, Research Analyst, ILFS Investsmart Securities Limited, “The Indian banking sector is very buoyant at the moment and there is a lot of confidence among the players; everybody wants to make their presence felt.”

Well, these developments in the Indian banking industry point towards one thing: in this cut throat competition, there’s just one rule... the rule of Kill Bill!

For complete IIPM article click here

Source:- IIPM Editorial

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